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“Clean Energy Standards”: The Sky is the (Price) Limit

By <a class="post-author" href="/about#r_donway">Roger Donway</a> -- December 17, 2010

[Editor note: This post was prepared by Mary Hutzler, Dan Simmons, et al. for the Town Hall blog at the Institute for Energy Research, a free-market ‘all-energy-all-the-time’ think tank.]

“The federal government is ultimately responsible for the long-term … consistent [energy] policy…. A clean energy portfolio standard is one example of a potential policy that the administration and Congress should discuss.… In this time of fiscal austerity I propose such a standard.”

–Secretary Steven Chu

With each passing day, the odds of Congress passing a Renewable Electricity Standard grow more and more dim. But Energy Secretary Chu, Senator Graham, and others are now promoting a similar mandate under a new name. Their old vinegar/new bottle effort should be exposed and rejected as the wrong path for energy policy.

Instead of a renewable electricity mandate, Chu, Graham, et al.